According to ChainCatcher, Hyperliquid posted on X platform, "After discovering evidence of suspicious market activities, the validator group has convened a meeting and voted to delist the JELLY perpetual contract.

Except for marked addresses, all users will be fully compensated by the Hyper Foundation. This will be automatically completed in the coming days based on on-chain data. No ticket needs to be opened. Detailed compensation methods will be shared in subsequent announcements.

Like other blockchains, validators typically need to convene meetings and take decisive collective actions to ensure network integrity. Enhancing the robustness and transparency of the voting system is a current priority.

Please note that as of the time of posting, HLP's 24-hour profit and loss is approximately 700,000 USDC. Technical improvements will be implemented, and the network will become stronger by learning from this experience. More details will be shared soon."